|
Vedanta consolidated net sales increased
44.03% to Rs 30401 crore in Q2FY22 compared to
Q2FY21. Sales of Iron Ore segment
has gone up 69.93% to Rs 1,492.00 crore (accounting for 4.95% of total
sales). Sales of Power segment has gone
down 31.40% to Rs 1,276.00 crore (accounting for 4.24% of total sales). Sales of oil & Gas segment has gone up
73.59% to Rs 2,892.00 crore (accounting for 9.60% of total sales). Sales of copper segment has gone up 22.59% to
Rs 3,560.00 crore (accounting for 11.82% of total sales). Sales of Aluminum segment has gone up 89.51%
to Rs 12,119.00 crore (accounting for 40.25% of total sales). Sales of others segment has gone up 81.21% to
Rs 1,832.00 crore (accounting for 6.08% of total sales). Sales of segment has gone up 65.19% to Rs
1,044.00 crore (accounting for 3.47% of total sales). Sales of Zinc & Lead - India segment has
gone up 15.65% to Rs 4,914.00 crore (accounting for 16.32% of total
sales). Sales of Silver - India segment
fell 20.85% to Rs 983.00 crore (accounting for 3.26% of total sales). Inter-segment sales rose Rs 33.00 crore to Rs
64.00 crore.
Operating profit margin has jumped from
30.94% to 34.09%, leading to 58.67% rise in operating profit to Rs 10,363.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 25.32% to 26.69%. Employee cost decreased from 2.85% to
2.27%. Other expenses fell from 40.59%
to 37.18%. Power and Oil fuel cost fell
from 19.14% to 14.42%.
Other income rose 3.38% to Rs 673 crore. PBIDT rose 53.66% to Rs 11036 crore. Profit before interest, tax and other
unallocable items (PBIT) have jumped 82.28% to Rs 8,474.00 crore. PBIT of Iron Ore segment rose 126.38% to Rs
532.00 crore (accounting for 6.28% of total PBIT). PBIT of Power segment fell 69.33% to Rs 92.00
crore (accounting for 1.09% of total PBIT).
PBIT of oil & Gas segment rose 93.10% to Rs 923.00 crore (accounting
for 10.89% of total PBIT). PBIT of
copper segment rose 39.68% to Rs -88.00 crore (accounting for -1.04% of total
PBIT). PBIT of Aluminum segment rose
242.88% to Rs 4,142.00 crore (accounting for 48.88% of total PBIT). PBIT of others segment rose 53.85% to Rs
80.00 crore (accounting for 0.94% of total PBIT). PBIT of segment rose 17.50% to Rs 188.00
crore (accounting for 2.22% of total PBIT).
PBIT of Zinc & Lead - India segment rose 44.04% to Rs 1,727.00 crore
(accounting for 20.38% of total PBIT).
PBIT of Silver - India segment fell 18.70% to Rs 878.00 crore
(accounting for 10.36% of total PBIT).
PBIT margin of Iron Ore segment rose from
26.77% to 35.66%. PBIT margin of Power
segment fell from 16.13% to 7.21%. PBIT
margin of oil & Gas segment rose from 28.69% to 31.92%. PBIT margin of copper segment fell from
negative 2.17% to negative 2.47%. PBIT
margin of Aluminum segment rose from 18.89% to 34.18%. PBIT margin of others segment fell from 5.14%
to 4.37%. PBIT margin of segment fell
from 25.32% to 18.01%. PBIT margin of
Zinc & Lead - India segment rose from 28.22% to 35.14%. PBIT margin of Silver - India segment rose
from 86.96% to 89.32%. Overall PBIT
margin rose from 22.31% to 28.14%.
Provision for interest fell 18.75% to Rs 1066
crore. PBDT rose 69.85% to Rs 9970 crore.
Provision for depreciation rose 9.29% to Rs 2118 crore. Profit before EO grew 99.69% to Rs 7,852.00
crore. The company reported EO expense
of Rs 30 crore compared to EO income of Rs 62 crore in the corresponding
previous year quarter. PBT after EO was up 96% to Rs 7822 crore
Provision for tax was expense of Rs 2010
crore, compared to Rs 2336 crore.
Effective tax rate was 25.70% compared to 58.49%.
Minority interest increased 45.98% to Rs
1,197.00 crore. Net profit attributable
to owners of the company increased 450.72% to Rs 4,615.00 crore.
Equity capital stood at Rs 372.00 crore as of
30 September 2021 to Rs 372.00 crore as of 30 September 2020. Per share face Value remained same at Rs
1.00.
Promoters’ stake was 65.18% as of 30
September 2021 ,compared to 50.14% as of 30 September 2020 . Promoters pledged stake was 99.99% as of 30
September 2021 ,compared to 99.99% as of 30 September 2020 .
For
year-to-date (YTD) results analysis
Net sales (including other operating income)
of Vedanta has increased 58.61% to Rs 58813 crore. Sales of Iron Ore segment has gone up 102.24%
to Rs 3,068.00 crore (accounting for 5.27% of total sales). Sales of Power segment has gone down 13.10%
to Rs 2,501.00 crore (accounting for 4.29% of total sales). Sales of oil & Gas segment has gone up
76.01% to Rs 5,377.00 crore (accounting for 9.23% of total sales). Sales of copper segment has gone up 64.89% to
Rs 7,059.00 crore (accounting for 12.12% of total sales). Sales of Aluminum segment has gone up 79.95%
to Rs 22,382.00 crore (accounting for 38.43% of total sales). Sales of others segment has gone up 70.25% to
Rs 3,473.00 crore (accounting for 5.96% of total sales). Sales of segment has gone up 115.01% to Rs
2,163.00 crore (accounting for 3.71% of total sales). Sales of Zinc & Lead - India segment has
gone up 35.88% to Rs 10,131.00 crore (accounting for 17.39% of total sales). Sales of Silver - India segment rose 10.70%
to Rs 2,089.00 crore (accounting for 3.59% of total sales). Inter-segment sales rose Rs 67.00 crore to Rs
90.00 crore.
Operating profit margin has jumped from
28.38% to 34.40%, leading to 92.27% rise in operating profit to Rs 20,234.00
crore. Raw material cost as a % of total
sales (net of stock adjustments) increased from 26.67% to 27.39%. Purchase of finished goods cost rose from
0.05% to 0.15%. Employee cost decreased
from 3.43% to 2.30%. Other expenses
fell from 41.13% to 36.31%. Power and Oil fuel cost fell from 17.76% to
13.93%.
Other income fell 15.75% to Rs 1412
crore. PBIDT rose 77.43% to Rs 21646
crore. Profit before interest, tax and
other unallocable items (PBIT) has jumped 134.22% to Rs 16,346.00 crore. PBIT of Iron Ore segment rose 218.55% to Rs
1,271.00 crore (accounting for 7.78% of total PBIT). PBIT of Power segment fell 48.87% to Rs
271.00 crore (accounting for 1.66% of total PBIT). PBIT of oil & Gas segment rose 114.76% to
Rs 1,499.00 crore (accounting for 9.17% of total PBIT). PBIT of copper segment rose 37.64% to Rs
-245.00 crore (accounting for -1.50% of total PBIT). PBIT of Aluminum segment rose 258.80% to Rs
7,377.00 crore (accounting for 45.13% of total PBIT). PBIT of others reported profit of Rs 231.00
crore compared to loss of Rs 9.00 crore.
PBIT of segment rose 149.46% to Rs 459.00 crore (accounting for 2.81% of
total PBIT). PBIT of Zinc & Lead -
India segment rose 113.99% to Rs 3,610.00 crore (accounting for 22.08% of total
PBIT). PBIT of Silver - India segment
rose 16.19% to Rs 1,873.00 crore (accounting for 11.46% of total PBIT).
PBIT margin of Iron Ore segment rose from
26.30% to 41.43%. PBIT margin of Power
segment fell from 18.42% to 10.84%. PBIT
margin of oil & Gas segment rose from 22.85% to 27.88%. PBIT margin of copper segment rose from
negative 4.16% to negative 3.47%. PBIT
margin of Aluminum segment rose from 16.53% to 32.96%. PBIT margin of others segment rose from
negative 0.44% to 6.65%. PBIT margin of
segment rose from 18.29% to 21.22%. PBIT
margin of Zinc & Lead - India segment rose from 22.63% to 35.63%. PBIT margin of Silver - India segment rose
from 85.43% to 89.66%. Overall PBIT
margin rose from 19.09% to 28.07%.
Provision for interest fell 12.32% to Rs 2248
crore. PBDT rose 101.31% to Rs 19398 crore.
Provision for depreciation rose 15.55% to Rs 4242 crore.
Profit before tax grew 154.08% to Rs
15,156.00 crore. The company reported EO
expense of Rs 117crore compared to EO income of Rs 62 crore in the
corresponding previous year period. PBT after EO was up 150% to Rs 15040 crore
Provision for tax was expense of Rs 3945
crore, compared to Rs 2847 crore.
Effective tax rate was 26.23% compared to 47.24%.
Minority interest increased 72.35% to Rs
2,256.00 crore. Net profit attributable
to owners of the company increased 372.42% to Rs 8,839.00 crore.
Mr
Sunil Duggal, Chief Executive Officer, Vedanta, said "Vedanta has set
its sights on becoming a leader in terms of our ESG performance in the metals
& mining sector, with a strong commitment towards achieving Net-Zero Carbon
by 2050 or sooner, increasing workplace diversity, and a commitment to improve
the quality of life of more than 100 million women & children. We are
confident that these goals will also translate into improved financial
performance, de-risk the business and create opportunities in the emerging
green economy.
We continued our strong growth momentum this
quarter as well, reporting record quarterly and half-yearly Revenue and EBITDA.
We reported consolidated quarterly Revenue of Rs 30,048 crore, up 44% Y-o-Y and
quarterly EBITDA of Rs 10,582 crore, up 62% Y-o-Y. Our attributable PAT (before
exceptional items) stood at Rs 4,644 crore, up 486% Y-o-Y. We witnessed steady volume
performance across business segments, and sustained margins benefitting from
high commodity prices despite a challenging cost environment. We continue to
focus on prudent capital allocation and deleveraging. We reduced net debt by Rs
7,232 crore Y-o-Y. We continue our commitment of rewarding shareholders with
interim dividend of INR 18.5 per Share, entailing pay-out of Rs 6,855 crore. “
The scrip is currently trading at Rs 303
|
Vedanta : Consolidated Results
|
|
Particulars
|
2109
(03)
|
2009
(03)
|
Var.(%)
|
2109
(06)
|
2009
(06)
|
Var.(%)
|
2103
(12)
|
2003
(12)
|
Var.(%)
|
|
Net
Sales
|
30,401
|
21,107
|
44
|
58,813
|
37,080
|
59
|
88,021
|
84,447
|
4
|
|
OPM
(%)
|
34.1
|
30.9
|
|
34.4
|
28.4
|
|
31.0
|
24.5
|
|
|
OP
|
10,363
|
6,531
|
59
|
20,234
|
10,524
|
92
|
27,318
|
20,687
|
32
|
|
Other
Inc.
|
673
|
651
|
3
|
1,412
|
1,676
|
-16
|
3,421
|
2,510
|
36
|
|
PBIDT
|
11,036
|
7,182
|
54
|
21,646
|
12,200
|
77
|
30,739
|
23,197
|
33
|
|
Interest
|
1,066
|
1,312
|
-19
|
2,248
|
2,564
|
-12
|
5,210
|
4,977
|
5
|
|
PBDT
|
9,970
|
5,870
|
70
|
19,398
|
9,636
|
101
|
25,529
|
18,220
|
40
|
|
Depreciation
|
2,118
|
1,938
|
9
|
4,242
|
3,671
|
16
|
7,638
|
9,093
|
-16
|
|
PBT
|
7,852
|
3,932
|
100
|
15,156
|
5,965
|
154
|
17,891
|
9,127
|
96
|
|
Share
of Profit/(Loss) from Associates
|
0
|
0
|
-
|
1
|
0
|
-
|
-1
|
-1
|
0
|
|
PBT
before EO
|
7,852
|
3,932
|
100
|
15,157
|
5,965
|
154
|
17,890
|
9,126
|
96
|
|
EO
Income
|
-30
|
62
|
PL
|
-117
|
62
|
PL
|
-524
|
-17,386
|
97
|
|
PBT
after EO
|
7,822
|
3,994
|
96
|
15,040
|
6,027
|
150
|
17,366
|
-8,260
|
LP
|
|
Taxation
|
2,010
|
2,336
|
-14
|
3,945
|
2,847
|
39
|
2,334
|
-3,516
|
PL
|
|
PAT
|
5,812
|
1,658
|
251
|
11,095
|
3,180
|
249
|
15,032
|
-4,744
|
LP
|
|
Minority
Interest (MI)
|
1,197
|
820
|
46
|
2,256
|
1,309
|
72
|
3,430
|
1,920
|
79
|
|
Net
profit
|
4,615
|
838
|
451
|
8,839
|
1,871
|
372
|
11,602
|
-6,664
|
LP
|
|
EPS
(Rs)*
|
#
|
#
|
|
#
|
#
|
|
32.0
|
34.5
|
|
|
Notes
|
|
* EPS is on current equity of Rs 371.72 crore, Face value of
Rs 1, Excluding extraordinary items.
|
|
# EPS is not annualised
|
|
bps : Basis points
|
|
EO : Extraordinary items
|
|
Figures in Rs crore
|
|
Source: Capitaline Corporate Database
|
|
Vedanta : Consolidated Segment
Results
|
|
|
%
of (Total)
|
2109
(03)
|
2009
(03)
|
Var.(%)
|
%
of (Total)
|
2109
(06)
|
2009
(06)
|
Var.(%)
|
%
of (Total)
|
2103
(12)
|
2003
(12)
|
Var.(%)
|
|
Sales
|
|
|
|
|
|
Iron
Ore
|
5
|
1492
|
878
|
70
|
5
|
3068
|
1517
|
102
|
5
|
4528
|
3463
|
31
|
|
Power
|
4
|
1276
|
1860
|
-31
|
4
|
2501
|
2878
|
-13
|
6
|
5375
|
5860
|
-8
|
|
oil
& Gas
|
10
|
2892
|
1666
|
74
|
9
|
5377
|
3055
|
76
|
9
|
7531
|
12661
|
-41
|
|
copper
|
12
|
3560
|
2904
|
23
|
12
|
7059
|
4281
|
65
|
13
|
10890
|
9053
|
20
|
|
Aluminum
|
40
|
12119
|
6395
|
90
|
38
|
22382
|
12438
|
80
|
33
|
28644
|
26577
|
8
|
|
others
|
6
|
1832
|
1011
|
81
|
6
|
3473
|
2040
|
70
|
6
|
5377
|
4782
|
12
|
|
Others
|
3
|
1044
|
632
|
65
|
4
|
2163
|
1006
|
115
|
3
|
2729
|
3128
|
-13
|
|
Zinc
& Lead - India
|
16
|
4914
|
4249
|
16
|
17
|
10131
|
7456
|
36
|
20
|
17550
|
15715
|
12
|
|
Silver
- India
|
3
|
983
|
1242
|
-21
|
4
|
2089
|
1887
|
11
|
5
|
4382
|
2444
|
79
|
|
Total
Reported Sales
|
100
|
30112
|
20837
|
45
|
100
|
58243
|
36558
|
59
|
100
|
87006
|
83683
|
4
|
|
Less:
Inter segment revenues
|
|
64
|
33
|
94
|
|
90
|
67
|
34
|
|
143
|
138
|
4
|
|
Net
Sales
|
|
30048
|
20804
|
44
|
|
58153
|
36491
|
59
|
|
86863
|
83545
|
4
|
|
PBIT
|
|
|
|
|
|
Iron
Ore
|
6
|
532
|
235
|
126
|
8
|
1271
|
399
|
219
|
9
|
1716
|
777
|
121
|
|
Pig
Iron
|
0
|
0
|
0
|
-
|
|
|
|
|
|
|
|
|
|
Power
|
1
|
92
|
300
|
-69
|
2
|
271
|
530
|
-49
|
4
|
731
|
979
|
-25
|
|
oil
& Gas
|
11
|
923
|
478
|
93
|
9
|
1499
|
698
|
115
|
10
|
1983
|
4557
|
-56
|
|
copper
|
-1
|
-88
|
-63
|
40
|
-2
|
-245
|
-178
|
38
|
-2
|
-392
|
-509
|
-23
|
|
Aluminum
|
49
|
4142
|
1208
|
243
|
45
|
7377
|
2056
|
259
|
30
|
5898
|
175
|
999
|
|
others
|
1
|
80
|
52
|
54
|
1
|
231
|
-9
|
LP
|
2
|
352
|
-1
|
LP
|
|
others
|
2
|
188
|
160
|
18
|
3
|
459
|
184
|
149
|
2
|
491
|
-253
|
LP
|
|
Zinc
& Lead - India
|
20
|
1727
|
1199
|
44
|
22
|
3610
|
1687
|
114
|
27
|
5302
|
4322
|
23
|
|
Silver
- India
|
10
|
878
|
1080
|
-19
|
11
|
1873
|
1612
|
16
|
19
|
3851
|
2126
|
81
|
|
Total
PBIT
|
100
|
8474
|
4649
|
82
|
100
|
16346
|
6979
|
134
|
100
|
19932
|
12173
|
64
|
|
Less
: Interest
|
|
1066
|
1312
|
-19
|
|
2248
|
2564
|
-12
|
|
5210
|
4977
|
5
|
|
Add:
Other un-allcoable
|
|
398
|
690
|
-42
|
|
878
|
1645
|
-47
|
|
2491
|
-15455
|
LP
|
|
PBT
|
|
7806
|
4027
|
94
|
|
14976
|
6060
|
147
|
|
17213
|
-8259
|
LP
|
|